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RBI chief expects inflation to trend lower in Jan-Mar

Source : REUTERS
Last Updated: Thu, Dec 06, 2012 10:54 hrs
Duvvuri Subbarao, governor of the Reserve Bank of India speaks during an interview with Reuters at a hotel in Mexico Cityb

India's headline inflation rate is expected to trend lower during January-March, the Reserve Bank of India Governor Duvvuri Subbarao told reporters, a month after he had indicated the central bank might ease monetary policy as early as January.

Subbarao was speaking to reporters after the central bank's board meeting in the eastern city of Kolkata.

The headline inflation rate, based on the wholesale price index, rose an annual 7.45 percent in October, the slowest pace in February.



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